secwatch.observer — SEC 8-K summary
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Issuer:     PTC INC. (PTC)
CIK:        0000857005
Form:       8-K
Filed at:   2025-03-13T23:59:59+00:00
Accession:  0000950170-25-038700
Event type: leadership
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

PTC appoints Trac Pham to Board of Directors, effective March 17, 2025
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- Trac Pham appointed to PTC Board and Audit Committee, effective March 17, 2025.
- Mr. Pham previously served as Co-CEO of Sprinklr and CFO of Synopsys.
- Annual cash retainer of $60K (prorated); annual equity retainer of $250K in RSUs vesting at earlier of 2026 annual meeting or March 15, 2026.
- One-time initial grant of $375K in RSUs vesting in two equal installments on March 15, 2026 and 2027.
- Audit Committee service adds a $15K prorated cash retainer.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/857005/000095017025038700/0000950170-25-038700-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/857005/000095017025038700/ptc-20250309.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-038700

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